Hi I need help solving transaction number 38 for a general journal entry, if you could show me how to solve it for a general journal or the equation needed to solve it.

Information needed for the questions:

transaction 4- June 2:Check # 5002 was used to make a down payment of $36,000.00 on additional computer equipment that was purchased from Royce Computers, invoice number 76542.The full price of the computer was $180,000.00.A five-year note was executed by Byte for the balance.

Transaction 7: June 10:Check # 5003 was used to make a $27,500.00 payment reducing the principal owed on the June 2 purchase of computer equipment from Royce Computers.

Question:

Transaction 38-The note payable to Royce Computers (transactions 04 and 07) is a five-year note, with interest at the rate of 12 percent annually.Interest expense should be computed based on a 360 day year.

[IMPORTANT NOTE:The original note on the computer equipment purchased on June 2 was $144,000.00.On June 10, eight days later, $27,500.00 was repaid.Interest expense must be

calculated on the $144,000.00 for eight days.In addition, interest expense on the $116,500.00 balance of the loan ($144,000.00 less $27,500.00 = $116,500.00) must be calculated for the 20 days remaining in the month of June.]